MORL has moved out of buy range. Today’s price of 21.10 results in an indicated annual yield of 19.34%, which looks very attractive, but we can do better. The Fed has been promising a rate hike for some time. When we finally get it, I expect an over reaction that will provide an opportunity to acquire MORL on the cheap. Never forget that patience is the raptor way.
Devour your prey raptors!